Option trader bet on Yelp rebound

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Someone is betting Monday that Yelp ( YELP ) will put up five-star returns. A trade of 2,000 contracts of the YELP 12/21/18 call crossed the tape at 10:28 this morning, against open interest of 40 contracts. Pricing on that trade indicates it was initiated from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for YELP ($32.69 up $2.39) are bearish with a downward trend. The stock has support below 30. Look at the Dec. 26/28 bull-put spread for a 20-cent credit. That's an 11.1% return and the stock has to fall by 14.3% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing , Options
Referenced Symbols: YELP

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